{"id":51892,"date":"2021-10-28T10:00:45","date_gmt":"2021-10-28T07:00:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51892"},"modified":"2025-09-03T02:07:55","modified_gmt":"2025-09-02T23:07:55","slug":"belarus-says-it-has-shut-down-financing-channel-for-protests-through-a-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/belarus-says-it-has-shut-down-financing-channel-for-protests-through-a-bitcoin-exchange\/","title":{"rendered":"Belarus says it has shut down financing channel for protests through a Bitcoin exchange"},"content":{"rendered":"<p>The Department of Financial Investigations of the State Control Committee of Belarus has halted the operation of a cryptocurrency exchange that was among the channels financing protest activity within the country. The information is reported on the <a href=\\\"http:\/\/www.kgk.gov.by\/ru\/news-press-center-ru\/view\/perekryt-odin-iz-kanalov-finansirovanija-nezakonnoj-protestnoj-dejatelnosti-na-territorii-respubliki-belarus-112318\/\\\">\u0441\u0430\u0439\u0442\u0435<\/a> \u0432\u0435\u0434\u043e\u043c\u0441\u0442\u0432\u0430.<\/p>\n<p>The exchange operated anonymously. According to the committee, in 2020\u20132021 it financed foundations, human-rights centres and non-profit organisations supporting the protests.<\/p>\n<p>According to the committee&#8217;s calculations, the crypto exchange&#8217;s activities led to Belarus losing more than 8 million rubles in taxes. A criminal case for tax evasion on a particularly large scale has been opened against five citizens.<\/p>\n<p>During the investigation, more than $200,000 and \u20ac65,000 were seized, bank accounts were blocked with funds exceeding $370,000, and assets were seized.<\/p>\n<p>Two suspects, including the organiser, live in EU countries. Three of the defendants who are in Belarus have been remanded in custody.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>The checks conducted established that individuals, funds and organisations were illegally financed from abroad through this crypto-exchange. The facts of receiving and using funds for unlawful purposes will be subject to a legal assessment \u2014 the committee&#8217;s conclusion says.<\/p>\n<\/blockquote>\n<p>Kuna <a href=\"https:\/\/forklog.com\/en\/news\/kuna-refused-to-disclose-information-to-belarusian-authorities-about-a-fund-paying-out-bitcoin\">rejected the request<\/a> of the Belarusian Department of Financial Investigations, which demanded information about a non-profit organisation, <a href=\"https:\/\/forklog.com\/en\/news\/belarusian-nonprofit-starts-paying-compensation-in-bitcoin-to-fired-belarusians-eyes-a-parallel-crypto-economy\">that paid compensation in bitcoins<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Financial Investigations of the State Control Committee of Belarus has halted the operation of a cryptocurrency exchange that was among the channels financing protest activity within the country. The information is reported on the department&#8217;s website.<\/p>\n","protected":false},"author":1,"featured_media":51893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[239,1257],"class_list":["post-51892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-belarus","tag-currency-exchanges"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51892"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51892\/revisions"}],"predecessor-version":[{"id":51894,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51892\/revisions\/51894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51893"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}